Gold Surges Past $4,800 as Trump's Greenland Push Rattles Markets, Fuels Safe-Haven Rush

• Gold prices soared past $4,800 per ounce, hitting a new record high, driven by escalating tensions over Greenland.
• US President Donald Trump's reiterated ambition to acquire Greenland and refusal to rule out force has alarmed European leaders and intensified transatlantic friction.
• Denmark, which governs Greenland, has firmly rejected Trump's proposal, a stance supported across Europe.
• The Greenland standoff led to a broad sell-off in US assets, including Wall Street stocks and Treasury bonds, and weakened the dollar, boosting gold's appeal.
• Concerns over the independence of the US Federal Reserve, amplified by a pending Supreme Court verdict, further contribute to gold's safe-haven status.

Why It Matters: Geopolitical tensions over Greenland and US institutional concerns are driving gold to record highs.